Hulu will have reached $1 billion in revenue by the end of 2013, marking the first time the streaming service has hit that mark in its relatively short history. CEO Mike Hopkins, who only became Hulu's chief executive in October, announced the news in a blog post today. The number isn't entirely a surprise; Hulu said in October that it anticipated ending the year near that $1 billion target. Hopkins added, "When you think about the fact that Hulu first launched out of beta in 2008, it’s quite an impressive feat to scale the business from zero to $1 billion over the course of just six years." Back when he first took on the role of CEO, Hopkins described 2013 as "one of the strongest years Hulu has ever seen," and today's update seems to...
via The Verge - All Posts http://www.theverge.com/2013/12/18/5223948/hulu-will-reach-1-billion-in-revenue-2013
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